Competitive Bid / Sale
A method of selling bonds in which one or more underwriters submit proposals for the purchase of the bonds.
bond-basics
Negotiated Sale
The sale of a New Issue of Bonds by an Issuer through an exclusive agreement with an Underwriter or Underwriting Syndicate selected by the Issuer. A Negotiated Sale is distinguished from a Competitive Sale, which involves a public bidding process for the purchase of the Bonds.
Preparing Bonds
Learn about over various terms and concepts that may arise while preparing a bond issue.
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Issuer’s Counsel
An attorney or firm of attorneys engaged to represent the Issuer to ensure proceedings have been conducted legally and that the issuer has the authority to execute the documents to which it is a party.